GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
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29.06.2019
CELEBRATION OF DANUBE DAY 2019

As in previous years Danube Logistics, general investor and operator of Giurgiulesti International Free Port, invited for a picnic reception to celebrate the Danube Day on 29th of June. The Danube Day is jointly celebrated in 14 countries of the Danube River basin promoting the connection of its people and nature. Since ancient times the Danube river is a historic trade route and since twelve years, when the Giurgiulesti International Free Port received his first vessel, the Republic of Moldova again participates at this important trade route connecting to the Black Sea and Mediterranean Sea.

The event took place on a natural platform at the port premises overlooking the Danube River and the port facilities. More than 100 Moldovan and international guests participated, among the honorable guests were the Minister of Agriculture, Regional Development and Environment, Ms. Georgeta Mincu, the Ambassador of the Delegation of the European Union, Mr. Peter Michalko, the Ambassador of Germany, Ms. Angela Ganninger, the Ambassador of Austria, Ms. Christine Freilinger, the Ambassador of Sweden, Ms. Anna Lyberg, the Ambassador of Poland, Mr. Bartlomiej Zdaniuk, and the Head of European Investment Bank Representation in Moldova, Mr. Antonio Castillo. Further representatives of central and local authorities including the mayors of Giurgiulesti and nearby villages as well as business clients attended the event with Moldovan food and wines and traditional music.

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25.06.2019
FIREFIGHTING DRILL AT GIFP OIL TERMINAL

On 25th of June Danube Logistics together with the Civil Protection and Emergency Situations Service from Cahul conducted one of its regular emergency exercises at the premises of Giurgiulesti International Free Port. The objective of this exercise was to test the readiness of fire fighting in the event of a fire at the oil terminal.

The focus of this year’s exercise was on training of the operational staff of the oil terminal in cooperation with the firefighting brigade of Giurgiulesti village. As specific aims of this exercise the response time of the firefighting brigade was tested after being alerted of a fire at the truck loading station as well as the synchronization of the needed actions undertaken by both the firefighting brigade and the oil terminal staff in order to achieve an effective joint intervention.

As Danube Logistics provides an educational program to familiarize employees with the general principles of the premedical First Aid training on trimestral base, an element of the exercise was providing first aid to a person who was injured by the simulated fire. In addition the training included the handling of using various types of fire extinguishers.

Due to professional and combined actions of the Cahul Emergency Department and Danube Logistics the drill was successful and the readiness and ability of cooperation of both the firefighting brigade and the oil terminal staff during an emergency situation was demonstrated and important lessons were learned.

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30.05.2019
2018 CARBON FOOTPRINT REPORT ON GIURGIULESTI INTERNATIONAL FREE PORT DELIVERED

Since 2016 Danube Logistics has developed a Carbon Footprint Report in accordance with the Greenhouse Gas (GHG) Protocol on an annual basis. As in previous years the 2018 report refers to CO2 and CO2 equivalent emissions resulting from activities of Danube Logistics at the premises of Giurgiulesti International Free Port.

The findings of 2018 show that in course of increased transshipment volumes the facilities and equipment can be utilized in a more emission efficient way and the CO2 emissions per ton transshipped decreased. In addition energy efficient measures such as switching from conventional to LED based outside lighting result in a decrease of electricity related emissions.

http://gifp.md/en/wp-content/files_mf/1561990831Carbonfootprintreport2018.pdf

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14.04.2019
TRANSSHIPMENTS VIA GIURGIULESTI INTERNATIONAL FREE PORT INCREASED TO MORE THAN 1 MILLION TONS IN 2018

Transshipments via Giurgiulesti International Free Port (GIFP) increased by more than 10% to a new record of 1,050,000 tons during 2018. Mathias von Tucher, the general director of Danube Logistics SRL, the general investor and operator of GIFP noted:

“Last year we noticed a significant increase in transshipments of dry bulk cargo, in particular aggregates, coal and fertilizer. Due to increasing demand for transshipments and for land in GIFP’s business park we plan to more than double the capacity of the multi-purpose dry cargo terminal with additional equipment and the construction of another berth.”

During the course of 2018 Giurgiulesti International Free Port facilitated exports to 53 countries and imports from 33 countries. 76% of the imports via GIFP originated from the European Union while 57% of the exports facilitated by the port are bound for the European Union.

Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, while the economic interests associated with Danube Logistics Holding BV’s shareholding in Danube Logistics SRL are shared with the European Bank for Reconstruction and Development.

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